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ContractsStatute_of_fraudsEASY

A Louisiana residential purchase agreement must be:

Correct Answer

B) In writing to be enforceable for immovable property transfers

Louisiana Civil Code requires that agreements to transfer immovable property be in writing. This is analogous to the Statute of Frauds in common-law states.

Answer Options
A
Verbal to be valid
B
In writing to be enforceable for immovable property transfers
C
Filed with the court
D
Approved by LREC

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Related Topics & Key Terms

Related Topics:

authentic actact under private signatureconveyance recordsLouisiana Civil Code Art. 1839immovable property

Key Terms:

writing requirementimmovable propertyCivil Code Art. 1839enforceableauthentic act

Related Concepts

A purchase agreement is a legally binding contract between a buyer and seller that outlines the terms and conditions for the sale of real property. It is also commonly called a sales contract, purchase and sale agreement, or earnest money agreement.

Specific performance is a court-ordered remedy that compels the breaching party to fulfill their obligations under the contract rather than simply paying monetary damages. It is an equitable remedy used when monetary damages would be inadequate.

The Statute of Frauds is a legal requirement that certain types of contracts must be in writing and signed to be enforceable. In real estate, all contracts for the sale of land or interests in land must be in writing.

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